Mixed-Use Income Property with
For Sale
$799,865
585 Park Avenue, Worcester, MA 01603
First-floor commercial space includes long-term leases, with additional office units and partially rented parking to support income.
Property SizeContact for details
Days on Market153
Property Features for 585 Park Avenue
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Office Units
2
Building Details
Year Built
1965
Stories
2
Listing Agency:
Starterline
Listed By:
Ray Lopolito
(617) 396-3100
Source:
Longwoodresidential
Added: Apr 6
Changed: Sep 4
Last Checked: Sep 5 at 8:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Starterline
Investment Insights
Based on property information with market context.
This property offers a mixed-use income setup with long-term commercial leases on the first floor. Two office spaces remain available for rent, providing an opportunity to increase current income. Part of the parking area is also rented, contributing to the existing income stream.
The second floor is residential, described as having TAW in the public remarks. The property is located at 585 Park Avenue in Worcester, Massachusetts.
As presented, the building’s configuration combines income-producing first-floor commercial tenants with residential space above, while also featuring remaining office availability and partially rented parking to support ongoing revenue.
The second floor is residential, described as having TAW in the public remarks. The property is located at 585 Park Avenue in Worcester, Massachusetts.
As presented, the building’s configuration combines income-producing first-floor commercial tenants with residential space above, while also featuring remaining office availability and partially rented parking to support ongoing revenue.
Key Highlights
- Year built 1965
- First‑floor commercial space with long‑term commercial leases
- Two office spaces available for rent to help increase current income
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 01603, MA
22,417
Population
8,504
Households
2.6
Avg Household Size
36
Median Age
24%
College-Educated
83%
High-School Grad
4.5 sq mi
ZIP Area
4,982
Density / Sq Mi
$63,646
Median Household Income
$40,403
Median Earnings
$1,339
Median Rent
$287,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - First-floor commercial space includes long-term leases, with additional office units and partially rented parking to support income.
Where is this office units located?
The property is located at 585 Park Avenue Worcester, MA.
What is the asking price?
The asking price for this property is $799,865.
What are key features of this property?
This property features: Year built 1965; First‑floor commercial space with long‑term commercial leases; Two office spaces available for rent to help increase current income
